Question

You have a loan for 1,000.00 at 7.65% APR. 100.00 of the loan is due each month ahd there is a penalty of 2% on the original amount when not paid. If you do not pay anything on the loan during the year and assuming there is no compounding, how much will you owe total? (1 point)
.1,316.50
.1,096.50
.1,100.50
.1,078.50

Answer 1

Do you know how to work the problem?

Answer 2

nope.

Answer 3

Whats 1,000.00 plus 7.65%

Answer 4

?